Palladium prices rose on Tuesday, thanks to continued optimism about the global economic recovery, while the US dollar fell against most of its peers.
The FDA has given last week full approval for the Pfizer-BioNTech Covid-19 vaccine.
US President Joe Biden urged citizens who were hesitant or afraid of the vaccine to take it as soon as possible after it was fully approved.
While Moderna has submitted a request to the US authorities to obtain full approval for its vaccine.
The dollar index fell against a basket of major currencies by 0.2% to 92.4 points as of 13:43 GMT, after hitting a high of 92.7 points and a low of 92.4 points.
Palladium December futures rose 0.3% to $ 2486 an ounce as of 13:44 GMT.